Asset: $BTC (Perpetual)
Entry Zone: 68,800 – 69,400
(Note: Eye the 1H/4H for rejection candles; don't step in front of a freight train.)Stop Loss: 70,200
Targets:TP1: 67,200 (Risk-off)
TP2: 66,000 (Structural Support)
TP3: 64,800 (Extension)
The Thesis:
$BTC is currently pushing into heavy resistance following an impulsive expansion. We are looking for signs of momentum exhaustion or a lower-high formation to confirm a reversal. The goal is to capture the downside continuation toward the 64k liquidity zone.
Risk Management: Avoid shorting directly into strong momentum candles. Wait for the price to stall or show a weak retest of the recent high before committing to the position.
BTC
68,843.77
+3.73%